Imagination breakup and sale

UK tech leader takes Chinese lessons Our friends at Imagination Technologies Group have agreed to be acquired by China-backed private equity firm Canyon Bridge Capital Partners.  Canyon Bridge said it will pay 182 pence a share in cash, or more than 550 million pounds ($740 million), for the U.K. designer of graphics chips. That’s 42% more than Imagination’s closing share price last Friday.  As part of the deal, Imagination will sell its U.S.-based embedded processor unit MIPS to Tallwood MIPS, a company indirectly owned by California-based investment firm Tallwood Venture Capital, Canyon Bridge said.  Canyon Bridge said they were keen